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31 January 2025 | 9 replies
I did discuss with my accountant and he is unsure as he is not familiar with IRA rollover process.
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8 February 2025 | 9 replies
From there we identify properties that could have some potential and if you are interesting in diving deeper, 1) we do a thorough video walkthrough to give you a realistic look of the property, 2) we give a ballpark estimate of rehab costs (we do 40 a year with our GCs o we will get pretty close), 3) we talk through market rent with our property management team, ARV, and potential highest and best use.Ideally you find great investor agents who know their market really well and have a network of resources to provide you with enough confidence to take reasonable action.
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6 February 2025 | 1 reply
Yes, an investor agent, an experienced rehab contractor and a very experienced private HML that is also an investor, all of which provided invaluable guidance.
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21 February 2025 | 30 replies
In fact, the more issues that arise, the more profitable theses properties become for the ancillary service providers....and you want to know why these investments are pushed aggressively by so many (besides of course requiring nothing more than a pulse to buy them).
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9 January 2025 | 9 replies
Just about any bank can open a joint account.
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20 February 2025 | 5 replies
If you provide excellent housing and excellent service it is likely that your turnover rate will be lower resulting in less future vacancy.
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8 February 2025 | 10 replies
And to top it off, the letter stated 'with capital up to $300,000' and found out from the SOW we provided to them for $65,000 in rehab fees, they were only giving us $40,000.
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14 February 2025 | 19 replies
Quote from @Jonah Hartsburg: @James Martin - Have you considered working with a dedicated virtual assistant who can learn your processes and provide general admin support?
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22 January 2025 | 21 replies
There is an amount that you can distribute from an IRA account to purchase a personal residence.You then might be able to turn the personal residence into an investment property.Best of luck.
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17 February 2025 | 69 replies
And given my charges he stands to make about 60% of the of the net profit and I will make the remainder for providing 100% financing for him.. so 100k to 120k for him with maybe 10k out of his pocket. this is just one of about 20 I fund for him per year young guy making bank with a capital partner like me..